National Bank Offshore Activities Act of 2001

Summary

National Bank Offshore Activities Act of 2001 - Amends Federal banking law to subject activities, investments, and affiliations of national banks to certain reporting requirements without regard to any territorial limitation. Sets forth reporting requirements incumbent upon a national bank with respect to: (1) acquisition of a beneficial interest in an offshore company; and (2) violations of banking, financial services, or labor laws committed by its agents, affiliates, or any other entity with which it maintains a correspondent banking relationship. Authorizes the Comptroller of the Currency to issue a cease and desist order: (1) prohibiting a national bank from further involvement with such violators; and (2) requiring the bank to dispose of ownership interests in such entity. States that any foreign bank having a Federal branch or agency shall be treated as a national bank for purposes of this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 21 June 2001

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 21 June 2001

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 21 June 2001

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.